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Analysts’ Top Consumer Cyclical Picks: Starbucks (SBUX), Packaging (PKG)

Tipranks - Thu Apr 16, 11:34AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Starbucks (SBUX) and Packaging (PKG) with bullish sentiments.

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Starbucks (SBUX)

Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Starbucks today and set a price target of $122.00. The company’s shares closed last Wednesday at $98.74.

According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 10.2% and a 58.7% success rate. Feinseth covers the Technology sector, focusing on stocks such as MNTN, Inc Class A, Garmin, and Nvidia. ;'>

Currently, the analyst consensus on Starbucks is a Moderate Buy with an average price target of $101.71, a 3.3% upside from current levels. In a report issued on April 10, Evercore ISI also maintained a Buy rating on the stock with a $110.00 price target.

See the top stocks recommended by analysts >>

Packaging (PKG)

Bank of America Securities analyst George Staphos maintained a Buy rating on Packaging today. The company’s shares closed last Wednesday at $205.70.

According to TipRanks.com, Staphos is a 4-star analyst with an average return of 3.3% and a 48.0% success rate. Staphos covers the NA sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Karat Packaging Inc. ;'>

Packaging has an analyst consensus of Moderate Buy, with a price target consensus of $230.83, a 10.2% upside from current levels. In a report released today, Truist Financial also maintained a Buy rating on the stock with a $267.00 price target.

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